E&S Property Underwriter

About the role

The Company Welcome to Munich Re Specialty - North America, a leading specialty insurance provider dedicated to delivering exceptional underwriting, claims, and risk management expertise to our partners and customers. As a trusted industry expert, we offer a broad range of comprehensive and customized solutions, including casualty, professional lines, property, surety, and public entity coverages. With the financial strength and global resources of our A+ Superior (A.M. Best) rated organization, we provide unmatched stability and reliability. Our team is committed to superior service levels, a distinctive approach to specialty solutions, and a deep understanding of the complex risks our clients face. Join our team and be part of a dynamic and experienced organization that is shaping the future of specialty insurance in North America.

Responsibilities

• Underwrite, market, quote, bind and retain a profitable book of excess and surplus lines business that meets profitability and growth targets.
• Operate within granted authority and allocated catastrophe budgets and make referrals to underwriting leadership as appropriate.
• Development and execution of production strategies and business plans to implement and maximize growth objectives and rate goals.
• Coordination with other Munich Re business units is expected and encouraged to offer the best holistic solutions to our clients.
• Measure and optimize portfolio progress by reviewing and analyzing underwriting data and monitoring industry best practices to identify opportunities for continuous improvement.
• Cultivate and maintain professional wholesale broker relationships.
• Represent the Munich Re brand and Munich Re Specialty Insurance at client events, seminars, meetings, etc.
• Assistance in day to day operations and projects as assigned which could have client, business group, divisional and corporate impact.

Qualifications

• Excellent underwriting, marketing and analytical skills that have been developed over 5+ years of insurance and/or reinsurance with production underwriting experience preferably at an E&S carrier for Property lines.
• Advanced insurance certifications (e.g. CPCU) preferred.
• Advanced working knowledge of Commercial P&C / E&S products and insurance concepts, UW processes and procedures, laws and regulations, terminology, concepts and principles related to strategic planning, and other relevant industry trends.
• Working knowledge of catastrophe models including RMSS.
• Successful track record of developing and maintaining strong relationships with wholesale brokers.
• Tech savviness and a willingness to experiment with and learn new technologies.
• Ability to think strategically and function tactically.
• Exceptional communication skills that energize and engage brokers, clients and colleagues and the ability to convey a vision and client-focused solutions.
• Ability to present and negotiate complex agreements with brokers.
• Effective time management and organizational skills.
• Willingness to travel 25%.

Benefits

We are proud to offer our employees, their domestic partners, and their children, a wide range of insurance benefits:

• Two options for your health insurance plan (PPO or High Deductible).
• Prescription drug coverage (included in your health insurance plan).
• Vision and dental insurance plans.
• Additional insurance coverages provided at no cost to you, such as basic life insurance equal to 1x annual salary and AD&D coverage that is equal to 1x annual salary.
• Short and Long Term Disability coverage.
• Supplemental Life and AD&D plans that you can purchase for yourself and dependents (includes Spouse/domestic partner and children).
• Voluntary Benefit plans that supplement your health and life insurance plans (Accident, Critical Illness and Hospital Indemnity).

In addition to the above insurance offerings, our employees also enjoy:

• A robust 401k plan with up to a 5% employer match.
• An employee wellness program.
• Life and disability insurance.
• A retirement savings plan that is 100% company funded.
• Paid time off that begins with 24 days each year, with more days added when you celebrate milestone service anniversaries.
• Eligibility to receive a yearly bonus as a Munich Re employee.
• A variety of health and wellness programs provided at no cost.
• Paid time off to volunteer in your community.
• Tuition assistance and educational achievement bonuses.
• A corporate matching gifts program that further enhances your charitable donation.

Pay

The base salary range anticipated for this position is $101,700 - $169,500, plus opportunity for company bonus based upon a percentage of eligible pay.

Schedule

The Company is open to considering candidates in numerous locations, including Chicago (IL), Philadelphia (PA), Princeton (NJ) and New York City (NY).